Set up each part of your finances in a sensible order: cash flow and buffer first, then protection, CPF, investing, housing, retirement and estate.
Most of us learn about money in bits: a savings tip from a colleague, an insurance pitch from an agent, a stock tip from a friend, a CPF headline in the news. Each bit can be sensible and still leave you exposed if you act on it in the wrong order. People often invest before they have a buffer, or buy an investment-linked plan before they have basic hospital cover. This course sets out the whole system and the order to build it in. Each module covers one layer, gives you one setup action to do this month, and points you to the course that goes deeper.
The layers of a personal finance system, the order to set them up in, and why protection comes before investing. Every later decision in the course fits into one of these layers.
How CPF turns gross income into take-home pay, how to build a spending plan from your cash flow statement, and how to set up payday transfers so your saving goes out before you spend.
You will work out how big your emergency fund should be for your job and household, where to keep it so it is safe and easy to reach, and when to use it.
The four types of insurance most working adults need, what the national schemes already pay for, and how to find the gaps in your own cover before you buy anything.
What each CPF account is for, how money goes in and comes out, and where CPF fits with housing, healthcare and retirement, so you can read your own balances and trust what you see.
How to rank your debts and pick which to clear first. Then why to invest, where you can hold investments in Singapore, and how much to start with once the earlier layers are in place.
How buying a home and planning for retirement use your cash, CPF and borrowing, the one thing to set up for each, and which courses cover them in more depth.
You will learn what a will, a CPF nomination, insurance nominations and a Lasting Power of Attorney each do, why you need all four, and how to get each one done.
Once a year you check every layer of your system, update your net worth and cash flow, and decide what to do over the next twelve months.
About nine hours over nine modules, including the exercises. Most people take three to four weeks and set up each layer as they go.
Yes. You can use it to check whether what you already have fits together and was set up in the right order, and the annual review gives you a routine to keep it that way.
This course covers every layer briefly, with one module and one setup action for each. For more depth, Money Foundations: budget, debt, buffer covers budgeting and debt, Insurance Decoded covers insurance, and CPF Mastery: every account and the choices you control covers CPF.
No. The course is education and does not replace financial advice. It explains how the system works and how to make decisions, and it never tells you what to buy. Rates, limits and scheme rules change, so check current figures with the CPF Board, IRAS, MAS and HDB, and speak to a licensed financial adviser about your own situation.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).